BlackRock Limited Duration Income:BLW

    Manage Alerts

    Overview

    As of 6/11/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$17.22$17.170.29%
    52 Wk Avg$15.58$16.67-6.62%
    52 Wk High$17.30$17.200.53%
    52 Wk Low$13.63$15.63-12.42%
    Regular Distribution TypeIncome Only
    Distribution Rate6.84%
    Distribution Amount$0.0981
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Funds investment objective is to provide current income and capital appreciation. Normally, it will have average portfolio duration of less than five years (including the effect of anticipated leverage), although it may be longer at any time or time to time depending on market conditions. The Fund will invest primarily in three distinct asset classes: 1) intermediate duration, investment grade corporate bonds, mortgage-related securities and asset-backed securities and U.S. government and agency securities; 2) Senior Loans, and; 3) Non-investment grade bonds. It is anticipated that approximately 70% of its initial portfolio will consist of below investment grade debt securities. There is no limit for U.S. denominated securities of U.S. and non-U.S. issuers. Up to 20% may be invested in non-U.S. denominated securities in emerging markets.

    Capital Structure

    As of 6/11/2021

    Total Investment Exposure:$887.423M
    Total Common Assets:$612.318M
    Common Shares Outstanding:35,662,105
    Leverage

    As of 6/11/2021

    Preferred Share Assets:
    Total Debt (USD): $275.105M
    Regulatory Leverage (USD):
    Effective Leverage (USD): $275.105M
    Effective Leverage (%): 31.00%
    Annual Expense Ratios

    As of 8/31/2020

      Per Common Share
    Management Fees0.79%
    Other Expenses:0.12%
    Baseline Expense: N/A
    Interest Expense:0.48%
    Total: 1.39%
    Fund Management

    Fund Sponsor
    BlackRock

    Portfolio Managers
    James Keenan, Mitchell S. Garfin, C. Adrian Marshall, Thomas F. Musmanno

    Basics
    Category: Fixed Income - Taxable-Limited Duration
    Ticker: BLW
    NAV Ticker: XBLWX
    Average Daily Volume (shares): 104,965
    Average Daily Volume (USD): $1.625M
    Inception Date: 7/28/2003
    Inception Share Price: $20.00
    Inception NAV: $17.33
    Tender Offer: No
    Term: No
    Fiscal Year End: August 31
    Third Party Links & Reports

    Distributions

    As of 6/11/2021

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 12/31/2020
    $0.4946
    Annualized Distribution Rate on NAV:
    As of 6/11/2021
    6.86%
    Total Return on NAV (12 months):
    As of 6/11/2021
    18.44%
    Avg. Portfolio Coupon:
    As of 6/11/2021
    4.93%
    Total % Portfolio Effectively Leveraged:
    As of 6/11/2021
    31.00%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 6/11/2021

    PeriodAvg Discount
    6 Month-4.15%
    1 Year-6.62%
    3 Year-8.99%
    5 Year-8.53%
    Z-Score

    As of 6/11/2021

    PeriodZStat
    3 Month1.26
    6 Month1.59
    1 Year2.02
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2021
    Category: Morningstar US CEF Limited Duration

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD10.34%3.17%8.62%3.01%
    20205.29%6.83%4.56%4.70%
    201931.09%16.17%22.78%12.22%
    2018-10.21%-2.51%-7.45%-1.27%
    201711.53%8.26%12.86%9.16%
    201614.68%12.24%19.16%12.54%
    20150.44%0.71%-3.04%-2.38%
    2014-0.71%3.84%0.88%3.52%
    20131.45%8.97%-1.23%5.24%
    201223.14%16.37%19.07%16.27%
    20115.87%2.73%5.85%4.21%
    201018.85%14.47%22.82%18.02%
    200946.96%41.21%55.22%46.93%
    2008-24.96%-26.12%  
    2007-8.89%2.47%  
    200620.93%7.87%  
    2005-9.01%2.89%  
    200416.00%8.13%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 5/31/2021
    Category: Morningstar US CEF Limited Duration

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 6/11/2021
    4.93%
    Number of Holdings:
    As of 3/31/2021
    1944
    Annual Portfolio Turnover:
    As of 8/31/2020
    65.00%
    Average Bond Price:
    As of 3/31/2021
    $105.41
    Asset Allocation

    As of 3/31/2021 reported by Fund Sponsor

    Top Sectors

    As of 3/31/2021 reported by Fund Sponsor

    Sector%Portfolio
    Corporate (Super Sector)126.30%
    Corporate Bond77.76%
    Bank Loan41.14%
    Government (Super Sector)9.72%
    Government9.30%
    Securitized (Super Sector)7.19%
    Convertible5.32%
    Asset Backed5.20%
    Preferred Stock2.07%
    Government Commercial Mortgage Backed0.82%
    Top Holdings

    As of 3/31/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    United States Treasury Notes 2.75%$8.52M1.35%
    United States Treasury Notes 1.25%$7.92M1.26%
    Spirit_04$6.89M1.09%
    United States Treasury Notes 2.75%$8.52M1.35%
    TransDigm, Inc. 6.25%$6.41M1.02%
    United States Treasury Notes 1.12%$6.15M0.98%
    United States Treasury Bonds 1.88%$5.78M0.92%
    Goldman Sachs Group Inc Deposit Shs Repr 1/1000th Non-Cum Perp Pfd Shs Ser$5.47M0.87%
    Bamll Coml Mtg Secs Tr 2015-200p 3.72%$5.15M0.82%
    10y Rtp 1.200000 27-Aug-2021$4.09M0.65%
    Credit Quality

    As of 3/31/2021 reported by Fund Sponsor

    Maturity Breakdown

    As of 3/31/2021 reported by Fund Sponsor

    Country Allocation

    As of 3/31/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income69.06%
    Others - Fixed Income4.84%
    China - Fixed Income3.96%
    United Kingdom - Fixed Income2.06%
    Canada - Fixed Income2.05%
    France - Fixed Income1.88%
    Ireland - Fixed Income1.12%
    Italy - Fixed Income1.06%
    India - Fixed Income1.06%
    Netherlands - Fixed Income0.98%
    Brazil - Fixed Income0.78%
    Portugal - Fixed Income0.59%
    Mexico - Fixed Income0.58%
    Peru - Fixed Income0.52%
    Germany - Fixed Income0.50%
    Indonesia - Fixed Income0.41%
    Colombia - Fixed Income0.38%
    Hong Kong - Fixed Income0.29%
    Switzerland - Fixed Income0.22%
    Chile - Fixed Income0.21%
    Belgium - Fixed Income0.19%
    Spain - Fixed Income0.15%
    Thailand - Fixed Income0.14%
    Japan - Fixed Income0.12%
    Russia - Fixed Income0.11%
    Singapore - Fixed Income0.10%
    South Africa - Fixed Income0.10%
    Israel - Fixed Income0.08%
    Australia - Fixed Income0.08%
    South Korea - Fixed Income0.07%
    United States - Equity0.07%
    Finland - Fixed Income0.04%
    Vietnam - Fixed Income0.04%
    Sweden - Fixed Income0.04%
    Poland - Fixed Income0.03%
    Philippines - Fixed Income0.03%
    Argentina - Fixed Income0.03%
    Switzerland - Equity0.03%
    Greece - Fixed Income0.02%
    United Kingdom - Equity0.00%
    Norway - Fixed Income0.00%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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